Stanphyl Capital commentary for the month of December 2020, discussing their porfolio holdings and that the stocks are very expensive.Q3 2020 hedge fund letters, conferences and moreFriends and Fellow Investors:For November 2020 the fund was up 6.2% net of all fees and expenses. By way of comparison, the S&P 500 was up 10.9% while the Russell 2000 was up 18.4%. Year-to-date 2020 the fund is down 12.7% while the S&P 500 is up 14.0% and the Russell 2000 is up 10.4%. Since inception on June 1, 2011 the fund is up 34.3% net while the S&P 500 is up 227.8% and the Russell 2000 is up 144.8%. Since in…
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